My previous solicitor has quoted just over a thousand pound for fixed fee conveyancing in Kensington. I’m hoping to downsize from a purpose built detached home for £125,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Kensington?
The estimate does seem a tad steep. If you shop around you could get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, you couldcome to regret choosing an an unknown lawyer. Remember to check the firm can also act for your mortgage company. You can use our search tool to choose a Kensington conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Kensington.
Our son is purchasing a new build apartment in Kensington with a mortgage from Santander. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Santander conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Why is leasehold purchase conveyancing in Kensington is more expensive?
Kensington leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Kensington. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Kensington
-
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Kensington is the location of the property. Can you offer any opinion?
Flying freeholds in Kensington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Kensington you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kensington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What tools are available to search for a Kensington conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 10miles to attend the lawyer.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location, in this case Kensington and you will see a number of lawyer located nearest Kensington. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.